Softcat Share Discussion Threads

[pal44] 14/7/2016 16:18

in times of recession SME will spend less on Tech and & support so don't hold long ..GLA

[smokybenchod] 12/7/2016 20:35

Maverick, SCT has a high beta and 20 odd pence intraday movement is pretty normal for this share. Take a look at the candlestick chart and you will see what I mean.

[maverick82] 12/7/2016 16:27

303.90 -> 322.90I'm not sure what's going on.... Massive daily range here today

[abarclay] 12/7/2016 11:52

apols wrong thread

[abarclay] 12/7/2016 08:18

Staffline: Strong progress continues (BUY)

In an encouraging H1 trading update, Staffline has confirmed trading remains strong and in line with expectations. There has been continued strong demand from new and existing customers in recruitment, and the group continues to source record numbers of workers to supply this demand. There has been no change in demand following the EU referendum, and the improvement in the Work Programmes is now clearly showing through. We continue to believe the fundamental demand for Staffline's recruitment services will remain strong, supported by the cost savings that a flexible labour model offers clients and its differentiated model.

Our new price target is 1615p.

Analyst: Guy Hewett



STAF 665p at mo, target 1615p from Finncap

[rubberbullets] 12/7/2016 08:10

peel hunt target price of 380p

[bally101] 11/7/2016 22:34

Our company works with Softcat and always been a fantastic company to work with. Great culture, work hard and play hard and very successful.
We are getting plenty of business through them.

[smokybenchod] 11/7/2016 16:47

Thats annoying maverick. According to their website their results aren't announced till October. Seems like quite a long time from their year end of 31st July...

[maverick82] 11/7/2016 16:35

I'm gutted. What I thought was a stop loss, instead I accidentally put a limit order when at 281 on Friday morning so all my holding sold at 281. Missed out on a big profit but back in today at 306 as I'm hopeful this is rising again in anticipation of results on July 31st

[b1ggles] 11/7/2016 16:18

I didn't know a 3% rise got anything into orbit!

[rubberbullets] 11/7/2016 15:52

Well called

[tjbird] 11/7/2016 15:35

ready for SCT bounce to 330p, then 380p

[tjbird] 11/7/2016 15:04

SOFTCAT, CAKE and KNOS into orbit rightnow

[smokybenchod] 11/7/2016 15:01

Thanks tjbird

Anyone care to share any comparisons to CCC (closest listed company I can find with resemblance to SCT services) in terms of market valuation? The market values SCT higher - here are my thoughts why in a mini battle!

Cash: Both have plenty of cash and no debt (draw)
Operations: CCC operates across Europe, SCT UK only (CCC wins)
Gross Margin: Where I think SCT beats CCC hands down and hence the higher valuation is: SCT gross margin 15%, CCC 3% (SCT wins by a long way, hence higher valuation as it's more cash generative)

CC currently 13.2 PE
SCT currently circa 17 PE

Which I think justifies the substantial gross margin advantage of SCT.

Good to get other thoughts.

DYOR etc.

[tjbird] 11/7/2016 14:54

peel hunt - Our target price of 380p

[tjbird] 11/7/2016 13:56

Cash is key: Brokers estimate the company will have a cash balance of £58m at the

end of 2016. Softcat targets a cash balance of £30m, therefore, we believe there is

significant scope for cash to be returned to shareholders – and this is something

the market is not focusing on at present.

[tjbird] 11/7/2016 13:55

Cat moving up, back to 450p broker target

[smokybenchod] 07/7/2016 21:02

@b1ggles fair point but if everyone took that view there would be no point to these boards. Personally I've learnt quite a lot of useful information from these boards. It's like the analogy of seeing a street full of rubbish and then adding to it by littering with the excuse it was dirty already. I would chose not to. (Not saying you would btw)

[maverick82] 07/7/2016 16:51

Hopefully that's the end of the 270's!!

[smokybenchod] 06/7/2016 18:26

That's because it doesn't exist, just like the imaginary PE of 30 this morning. Wonder how many believed this and sold. I'd be surprised if the figure was 0

[1861andy] 06/7/2016 16:06

I cant find any record of the downgrade either! Drop looks likes Brexit fears and prob the slowdown in software sales if the economy grinds to a halt!

Have my stop in place but hoping for a bit of blue tomorrow or Friday!

[smokybenchod] 06/7/2016 13:06

I choose to discount the alleged Investec downgrade then until it's published by a verified source. That's if it exists in the first place...

[d4v1db] 06/7/2016 12:34

No, it's not from a web site, it's posted daily on another board by a member.

[smokybenchod] 06/7/2016 11:55

do you have a URL link to this "daily headline summary" as I can't find it...